A longstanding debate in economics – and among social scientists more broadly – centers on how best to deliver international aid to developing countries. Should these countries’ governments rely on top-down wisdom from donor capitals? Or should they focus more on funding bottom-up solutions dictated by recipients? When the Trump administration proposed cutting the US …
The Framework for Economic growth (FEG) was an innovative, reform-based strategy for sustained growth acceleration in Pakistan. We built on recent work summarized in Acemoglu and Robinson (2012) as well as developments in complexity theory [Haque (2017), Arthur (2014), Durlauf (2012), among others] to chart a new approach to policy. The objective was to change …
Lord Keynes in a famous statement said that “Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back”It is not surprising to …
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